The 11th July 2010 edition of The Sunday Times reported an interesting case of a couple who misled a Dutch writer. The article, The ‘millionaire’ Couple Who Couldn’t Pay Up, listed the extravagant lifestyle Ms A.J Hameedah and her husband Mr S. Thomas enjoyed and exaggerate claims made. Details of the charges and [...]
My friend’s (Winnie, not her real name) father was a victim of an overseas phone scam about 6 months ago. The scammers started by calling the victims and claiming that the are among 12 people in the world who had been drawn to be the lucky winners in a lucky draw. To claim [...]
In Singapore, many consumers have the impression that products sold here are safe due to the strict regulations. However, contrary to popular belief, not all regulations are stringent. Ironically, scammers have made use of this thinking to con others.
Take the example of landbanking. In the UK, landbanking is considered as a [...]
With the explosion of user generated contents like blogs and forums in the development of Web 2.0, many consumers will search the web before buying something. This has not gone un-noticed by service and product providers. Some have tried to get positive reviews by giving rewards, be it by cash or in kind. [...]
Investment scams have become more creative. No longer can the investor just rely on tell tale signs of unrealistic returns to separate the sheep from the goats. We offer some questions to ponder before investing. Read the article – Sounds To Good To Be True? It Probably Is to [...]
A couple of weeks back, I received the same sms from 2 friends on the $49 worth of free calls by the 3 telephone operators to celebrate Singaporean’s sending out 60 billion local smses. I smell a rat immediately and ask my friend:”Are u sure?”. Both gave the same reply:” No harm trying!”
“She rented private properties and dressed to the nines to give the impression that she was a big-time player in the oil trading and shipping industries.” writes the first paragraph of the article “$1.4m scam: Thrice-convicted cheat gets 12 years” in the May 9th issue of The straits Times. Yet another investment scam. [...]
A MLM company has been in the news recently when it was investigated by the Commercial Affairs Department (CAD) and its management subsequently charged for criminal breach of trust and other charges, including running a fraudulent business. This company reported collected $189 million from 20,000 investors in Singapore. Videos on Youtube showed of [...]